The horizontal gas well is one of several in the area currently drilling in the Haynesville Shale rock formation for oil and gas lying under northwest Louisiana.

Written by

Alexandria Burris
aburris@gannett.com

Half of the cash it took to finance the parish's $7.5 million purchase of the old General Motors Assembly plant came from oil and gas revenues. So did the $350,000 used to finance the design of the green space for Caddo Common and the $375,000 given to support Southern University-Shreveport's Aerospace Technology program.

The funds used to support those projects and many other one-time investments - deemed "quality of life" and economic development projects - were profits generated from oil and gas leasing bonuses and royalty payments related to Haynesville Shale production. But with the ...